Broadcom's AI Revenue Guidance Delivers -- Market Talk

0917 GMT - Broadcom's revenue guidance delivered on high expectations given the group's massive estimate for 2028 AI revenue, Bernstein analysts write. The chip design and cloud computing company said its AI revenue would hit $230 billion in 2028, a number that "should be well ahead of expectations," the analysts say. Bearish investors will raise concerns that Google demand will weaken, making frontier AI labs OpenAI and Anthropic Broadcom's largest customers. However, the labs' spending aspirations are dependable, they say, while Broadcom will benefit from being less reliant on just Google. Broadcom shares fall 2.4% premarket.(josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

September 03, 2026 05:17 ET (09:17 GMT)